2022-01-10T17:22:24-06:00 2021-09-30 840884124 BiggsKofford PC 630 Southpointe Court Suite 200 Colorado Springs CO 80906 990 2020-10-01 330430285 Children's HopeChest Inc CHIL 7194877800 PO Box 1190 Palmer Lake CO 80133 Ken Sparks CEO & President 7194877800 2022-01-10 1 Ken Sparks 999009999 Bret Wichert P00576888 7195799090 2022-01-10 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z Ken Sparks PO Box 1190 Palmer Lake CO 80133 6050529 0 X https://www.hopechest.org/ X 1990 CA See Schedule O for the Organization's Mission Statement. 7 6 30 877 0 0 7654050 6048816 0 0 2883 1713 522 0 7657455 6050529 2960720 2555174 0 0 2239032 1967613 0 0 457475 2036304 1578056 7236056 6100843 421399 -50314 1050014 967162 140175 129142 909839 838020 X See Schedule O for the Organization's Mission Statement. 0 1 4307899 2059896 0 Children's HopeChest develops highly relational, community-to-community partnerships between Christian communities in North America and communities of orphaned and vulnerable children in 5 countries. We believe the most transformational, holistic, sustainable, and long-term change occurs when one community partners with another. Children's HopeChest engages churches, businesses, and other Christian communities in long-term partnerships that help orphans survive, thrive and succeed within their home cultures by:* Empowering local leaders to share the Gospel, reduce poverty, and create self-sufficiency for every child.* Equipping partnering communities to directly engage in healthy, international development practices.* Addressing the complex causes of poverty, including material, spiritual, emotional, social, economic, and educational needs.* Tending to the child's holistic needs for survival community, education, and employment.* Transforming the lives of children through a focus on sustainability, independence, and long-term self-sufficiency,* Transforming the lives of the partnering community members through exposure, education, relationship, and service. 666752 495278 0 Development projects involve the setup of such infrastructure as water systems, churches, schools, and libraries. They also fund sustainability - promoting programs that include artisanship, agriculture, micro-finance, and vocational business leadership. These projects help HopeChest reach the broadest audience surrounding orphaned and vulnerable children. 18262 0 0 HopeChest Vision Trips and Partner Visits facilitate up-close and hands-on service and relationship building for partners desiring the personal touch and experience of connecting to their partnered CarePoint or Project. These relationship-building visits are key to building trust and involvement in the long-term relationship with these communities. Due to continuing impacts of COVID, the number of trips was limited in 2021. However, we were able to provide virtual visits for many partners and potential donors. 4992913 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 30 1 0 1 ET 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KY KS MD MA MI MN MS MO NH NJ NY NC OR PA RI SC TN UT VA WV WI NM X X The Organization 7194877800 PO Box 1190 Palmer Lake CO 80133 Sally Townsend Board Chairperson 1.00 X X 0 0 0 Jeff Wertheim Board Secretary 1.00 X X 0 0 0 Jeff Wilson Board Treasurer 1.00 X X 0 0 0 Matt Day Board Director 1.00 X 0 0 0 Brynn Albretsen Board Director 1.00 X 0 0 0 Troy Reno Board Director 1.00 X 0 0 0 Ken Sparks President and CEO 40.00 X X 150522 0 16184 Leona Strait Controller 40.00 X 55128 0 17059 205650 0 33243 1 1 1 0 0 6048816 6048816 1713 1713 6050529 0 0 1713 361586 361586 2193588 2193588 276535 165304 56958 54273 1416394 862180 283795 270419 60421 36118 12445 11858 118958 71109 24502 23347 95305 56970 19630 18705 2860 2860 25553 25553 108173 79368 22846 5959 14468 14468 141268 27089 107696 6483 235494 176913 46462 12119 201858 146872 26695 28291 120142 98188 11405 10549 34820 26296 8524 4043 1955 1084 1004 Orphan care 413587 413587 Equipment and maintenan 275790 275790 6100843 4992913 650455 457475 580657 545614 284112 251478 26046 6256 2844 40662 30241 694406 583467 138327 110939 1050014 967162 140175 129142 140175 129142 X -248164 -208767 1158003 1046787 909839 838020 1050014 967162 X -50314 -21505 X X 0 1 X 1 0 X 5087404 7239191 8007656 7654050 6048816 34037117 5087404 7239191 8007656 7654050 6048816 34037117 34037117 150 1606 3050 2883 1713 9402 7223 76963 2101 86287 34132806 0.99720 0.99730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 71628 71411 217 622778 512056 110722 110939 6050529 0 6050529 0 6050529 6100843 0 6100843 0 6100843 Part X, Line 2: The Organization is exempt from income taxes under Internal Revenue Code ("Code") Section 501(c)(3) and is not a private foundation under Section 509(a)(2) of the Code. The Organization evaluates the effect of uncertain tax positions, if any, and provides for those positions in accordance with the provisions of FASB ASC 450, Contingencies. No tax accrual for uncertain tax positions has been recorded as management believes there are no uncertain tax positions for the Organization. 1 Sub-Saharan Africa 0 0 Grants to Recipients located in Region 1000255 Sub-Saharan Africa 2 39 Program services Child sponsorship, development projects, partner visits 1354841 Russia 0 0 Grants to Recipients located in Region 118779 Central America and the Caribbean 0 0 Grants to Recipients located in Region 1074554 Central America and the Caribbean 0 0 Program services Partner visits 7026 2 39 0 0 2 39 3555455 0 3555455 Central America and the Caribbean To support program operations, per the charitable purposes of the organization 1074554 Wire transfer Russia and Neighboring States To support program operations, per the charitable purposes of the organization 118779 Wire transfer Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso, To support program operations, per the charitable purposes of the organization 1000255 Wire transfer 0 0 0 0 0 0 Part III Accounting Method: Part I Line 2: Monthly accounting reports are submitted to CHC by grantee accountants and CHC spot checks expense items reported by grantees to supporting documentation. Part I line 3: The Organization tracked expenditures in accordance with accrual basis of accounting using expense reports, grant feedback, and other appropriate documentation. 0 Adventures in Missions 6000 Wellspring Trail Gainesville GA 30506 650133113 361586 To support program operations, per the charitable purposes of the organization 1 X X X 0 0 0 0 0 0 0 0 0 Ken Sparks President and CEO 150522 0 0 0 0 0 6405 0 9779 0 166706 0 0 0 Part I Line 1 and Part III Line 1 Description of Organization Mission: Children's HopeChest, Inc. (Organization") is a nonprofit organization that helps highly vulnerable children overcome abandonment, poverty and violence. The Organization partners with churches, businesses, schools, and Christian communities. These sponsoring communities provide help, training and discipleship to vulnerable children, their families and their communities in highly impoverished areas. The Organization has active partnerships in Ethiopia, Guatemala, Kenya, Russia, Uganda and the United States. Funding for these partnerships comes, in part, from a monthly child sponsorship program. Individual child sponsors provide a $45/month donation during the year ended September 30, 2021, write letters, and pray for their sponsored child. This funding provides for direct survival needs such as food, water, clothing and basic medical care. It also helps fund educational and vocational support, voluntary Christian discipleship, income generating activities for the child's household, establishment of Village Savings and Loan Associations (VSLA's), child rights advocacy, grief and trauma assistance, as well as emotional guidance. These efforts are delivered through staffed "CarePoints" which are physical locations the children come to for assembly and program delivery. The Organization is registered to do business in Ethiopia as Children's HopeChest Ethiopia, which is a field office of the Organization. It is not a separate legal entity and operation activities are controlled by the same board of directors as the Organization. The Organization is registered to do business in Ethiopia as Children's HopeChest Ethiopia, which is a field office of the Organization. It is not a separate legal entity and operation activities are controlled by the same board of directors as the Organization. The Organization also provides both capital project development and ongoing program support to help children and members of the community develop opportunity, life skills, and independent adult life. Those programs include: Transitional Living & Life Skills Programs: Family Center & Independent Living Programs (Russia) Community Programs: CarePoints (all countries), Young Mothers Program (Russia), VLSA's/Self Help Savings Groups (all countries except Russia) Education: Uganda Leadership Academy (Uganda) Form 990, Part III, line 3 On April 1, 2021, Children's HopeChest transferred 100% of all donors, program support, travel management, and funding for all aspects of work in Eswatini, Africa (formerly Swaziland, Africa) to our partner, Adventures in Missions. This transfer of approximately $880,000 in annual funding support was a significant contributor to the large year-over-year decline in Children's HopeChest revenue for FY2021. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm and is reviewed in detail by the Controller and the President/CEO. Then it is reviewed by board members and the finance committee prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Annually, officers and board members sign a conflict of interest statement. The finance committee reviews significant transactions throughout the year. The President/CEO and Controller regularly and consistently monitor and enforce compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 The independent board discusses then approves the President's salary and benefits, and uses survey materials from ECFA and other independent compensation surveys to compare his compensation with compensation paid to other non-profit officers in the area. This process is documented in the minutes of the board of directors. Form 990, Part VI, Section C, line 19 The organization's governing documents conflict of interest policy, and financial statements are available upon request. Form 990, Part XI, line 9: Foreign currency translation adjustment -21,505. Part XII, line 2c: On April 1, 2021, Children's HopeChest transferred 100% of all donors, program support, travel management, and funding for all aspects of work in Eswatini, Africa (formerly Swaziland, Africa) to our partner, Adventures in Missions. This transfer of approximately $880,000 in annual funding support was a significant contributor to the large year-over-year decline in Children's HopeChest revenue for FY2021.